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Savings Account in Salem, Oregon

Individualized Savings Accounts for Individual Lives

When you open a Salem Oregon savings account with Valley Credit Union, you don’t just become a member, you become a part of our family – and family always comes first. We’re here to help you build a secure financial future with savings options designed for your unique needs. 

Find out what separates Valley Credit Union from traditional banks. 

Become a Savings Member

Why Choose a Valley Credit Union Savings Account?

More than just a place to deposit your money, a savings account should help you grow and open up your possibilities. Here is what you can expect when you open up a VCU savings account in Salem, Oregon:

  • Federally insured security: Your savings are insured up to $250,000 by the National Credit Union Administration.
  • Daily dividends: Your money earns daily interest, which is compounded and credited monthly.
  • 24/7 account access: Manage your savings anytime through online banking, our mobile banking app, or our audio teller system.
  • Unlimited deposits & withdrawals: Enjoy full flexibility to save and access your funds as needed.
  • Personalized support: Our friendly team is here to answer any of your savings account questions by phone, in person, or online. You can expect a banking experience tailored to meet your needs. 

Explore Our Credit Union Savings Account Options

No matter your financial goals, we have the right savings account solution for you! Whether you are saving for a big purchase, building an emergency fund, or have a bigger savings goal in mind, we offer savings solutions that fit your lifestyle. 

Membership Shares

The perfect starter savings account for those new to personal finance or credit unions. With just a $5 minimum balance, you gain full access to Valley Credit Union membership benefits. This is our entry-level savings account and our most popular option.

Club Accounts

A flexible way to save for life’s important moments, our Club Accounts are designed to help you work towards specific financial goals. With no account minimum, these are easily customizable and flexible to save money for whatever life throws at you. Our members often use them for:

  • Holiday saving
  • Vacation planning
  • Taxes
  • Education
  • Emergency funds

Whatever you’re saving for, a club account makes it easy!

High-Yield Shares

Looking for a way to earn more on your savings while maintaining access to your funds at any time? 

Our High-Yield Shares earn higher dividends than our membership shares account or club accounts, without tying up your money. If you are interested in opening a High-Yield Shares account, contact one of our branch representatives today. They will guide you through the details; from minimum opening deposit amounts to minimum balance requirements.

Investor Plus

Our highest interest-earning savings account. While there are some additional requirements, our Investor Plus account is perfect for those who want to grow their savings. It is a set-it-and-forget-it account and a safe place to put your money and watch it grow! Contact a branch representative today to see if the Investor Plus account is right for you!

Make your own path, we’ll help guide you!

We are here to help you open a savings account in Salem, Oregon that best suits your future goals so you can sit back and relax while your money works for you. Call today or visit our Salem branch to get started!

Become a Savings Member

Savings Account FAQs

We offer four types of savings accounts: Membership Shares, Club Accounts, High-Yield Shares, and Investor Plus.

Yes! Your savings are insured up to $250,000 by the National Credit Union Administration (NCUA).

You can open a savings account in Salem, Oregon by visiting our local branch, calling us, or starting the process online.

Yes, all our savings accounts earn daily dividends, which are compounded and credited monthly.

Our Membership Shares account requires a minimum balance of $5. Other accounts, like High-Yield Shares and Investor Plus, may have different requirements. Contact us for specific details.

Absolutely! You can manage your money 24/7 through online banking, our mobile app, or our audio teller system.

Yes! We make it easy to transfer your current savings account from another bank or credit union to Valley Credit Union. Contact us for details on the transfer process.

Club Accounts are special savings accounts designed for specific goals, such as saving for holidays, vacations, taxes, education, or an emergency fund. They are flexible, with no minimum balance required.

High-Yield Shares accounts offer higher interest rates than Membership Shares and Club Accounts while keeping your funds easily accessible.

The Investor Plus account is our highest-yielding savings account and has additional requirements. Contact us to learn if it is the right fit for you.

Our savings accounts allow unlimited deposits and withdrawals, providing you with the flexibility to access your funds whenever you need them.

Generally, no. Most of our savings accounts do not have any fees, but certain conditions may apply for specific accounts. Contact us for details.